The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-05
CONDITION OF THE MARKETS
Wheat Opens Strong and Higher, but
Reaction Very Speedily Follows.
Corn Dull and Featureless, the Fluctuations
Being Small-0ats Dull and Quiet-Pro-
visions Active and Much Stronger.
MONEY. BONDS AND STOCKS.

Moderately Active Market, Showing a
Strong Tone from Opening to Closing.
NEW YORK, Nov. Mooney on call was
easy st 81 to per cent, closing offered at 81
perseen
Prime mercantile paper, Gas per cent
Sterling exchange dull but steady and
unchanged.
The total sales of stocks to-day wero 326, s31
shares. including the following Canada South
ern. $40; Delaware. Lackawanna & Western,
q, ESQ; Erie, $500; Kansas g Texas. 1855;
Lake Shore 10, 1913; Louisville & Nashville, s.,
725; Missouri Pacific, IL. 175; Northwestern 10
500: Northern Pacific preferred. 1881; Reading,
80. $50: St. Paul. 1850; st Paul & Omaha, 81
$50; Union Pacific, l9, 100; Western Union, H.
s50
The stock market to-day moderately act
i've and strong from the opening TO the close,
though the advance was slow and steady. The
lowest prices were made In the frst hour and
the in the last hour, most of the stocks clos
ing at the highest of the day. There was little
news except the advance In rates agreed upon IN
the Northwest, which had stimulating effect
upon the graugers and to some degree upon the
remainder. The sentiment was moderately bull
1sh, with the foreigners doing little or nothing,
but commission people buying for all amounts
The traders were ranged the side of lower
prices. and worked with prominent "bear"
house TO bring about reaction. The hight was
carried on. with their efforts directly chiefly
against Missouri Pacific, which. however,
presented frmer front than at any time OF
ration onlv. The demand for stocks very
moderate during the forenoon but prices stead
lily though slowly advanced when the "bearS
became brighten ed and, under considerable ex-
element, attempts were made to cover 'ishorte,
when the rise gathered force, and the amount OF
business done underwent marked increase
The news from the Northwest made St Paul the
leading stock, and its transactions aggregated
larger amount than for some time. Missouri
Pacific, and late in the day, Union Pacific at
tracted much attention, but the leading stocks
ali shared in the improvement. The opening
strong at advances of from to per cent.
and this advantage was further improved in the
early trading, Missouri Pacific, Laekawanna
and Hooking Coal leading the advance. The
market was dull, and ST. Paul came to the front.
the graneers became very strong, and the
entire list soon Joined IN the move
ment. which continued till the close
without interruption OF any sort.
when the advance again became slow. The
close was active and strong at the best prices
reached. Everything, without exception, is
higher tonight, and Missouri Pacific rose p;
Union Pacific, q: San Francisco preferred, 2;
ST. Paul, II; Northwestern. Il; Omaha, Il:
Delaware & Hudson and Louisville & Nashville.
Ii; Norfolk & Western preferred, Il; Lacka-
wanna Eric and Lake Shore, each, per cent.
Railroad bonds were in better demand with
the leading issues more active. Erie seconds
contributed $I190 900 to the days business OF 81
lis. GOO. Prices were strong as general thing
all the way out, and the final losses are few.
The Kansas & Texas issues were also prominent
and exhibited marked strength. Indiana
Bloomington & Western, eastern. division certi-
fcates rose g to 90; Knoxville & Ohio frsts, q,
to 80: Wabash sevens of 1879, a, to S9l; Mobile
& Ohio first debeusures, q, to A. the second de-
bentures. 49, TO %.
Govern ment bonds were dull and steady.
State bonds were dull and without feature